Friday, August 12, 2011

Four EU nations ban short-selling on banking stocks




France, Italy, Spain and Belgium have banned short-selling on the shares of banks and other financial companies.



It follows sharp gains and losses in bank stocks in recent days, especially in France, on fears about their exposure to eurozone government debt.

Societe Generale has been the worst affected by the volatility, being forced on Wednesday to deny that its financial stability was at risk.


SEE FULL ARTICLE FROM THE BBC BY CLICK ON THIS LINK

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